What’s going to happen in our housing market? Are prices going to go up or down due to what’s happening right now?
In this video we discuss national trends in the real estate market and look at what some experts are projecting.
Find out what that means for us right here in King County. To get started and find out what your home is worth in today’s market visit http://bit.ly/38qh6z1
𝐴𝑛𝑑 𝑎𝑠 𝑎𝑙𝑤𝑎𝑦𝑠, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑎𝑛𝑦 𝑎𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑞𝑢𝑒𝑠𝑡𝑖𝑜𝑛𝑠, 𝑓𝑒𝑒𝑙 𝑓𝑟𝑒𝑒 𝑡𝑜 𝑐𝑎𝑙𝑙/𝑡𝑒𝑥𝑡 𝑢𝑠 𝑎𝑛𝑦 𝑡𝑖𝑚𝑒! 𝑊𝑒’𝑟𝑒 𝑎𝑙𝑤𝑎𝑦𝑠 ℎ𝑒𝑟𝑒 𝑡𝑜 ℎ𝑒𝑙𝑝!
📲𝑪𝒂𝒍𝒍 𝒐𝒓 𝒕𝒆𝒙𝒕 𝒂𝒏𝒚 𝒕𝒊𝒎𝒆 | (c) 𝟮𝟬𝟲-𝟮𝟳𝟭-𝟳𝟭𝟬𝟬
Finally some good news. What’s going to happen in our housing market? Are prices going to go up or down due to what’s happening right now? I understand how scary it can be right now, I feel it too. But I’ve been doing extensive research so I can bring you the facts.
Diana Olick from CNBC says, and I quote, “Mortgage demand from home buyers “shows unexpectedly strong and quick recovery. “The quick recovery has surprised most forecasters.” In fact, the experts agree, if you take a look right at the graph right here, you’ll see that five out of the six experts are anticipating home price will continue to appreciate in 2020, all of the experts are anticipating an increase in housing prices through 2021 and three of the six are anticipating an increase through 2022. The lack of inventory and low interest rates are what is driving prices to go up.
Zillow’s National June report came out and New Pending Sales are up 24.5% and listings taken are up 19.3%. So, we are seeing improvement month over month. So we are seeing more homes come to the market, which is great for buyers, but even with the increase in homes entering the market, we are still experiencing bidding wars, and homes that are priced appropriately are moving fast, especially homes on the lower end of the spectrum.
So, what does this mean for homeowners here in Northwest Seattle right here in King County? Well, it means we are in a super robust real estate market. Please reach out to us here at the Brenner Hill Team. We are Steve and Sandra. Elevated Service. Elevated Results.